Planning With Dynasty Trusts (41-Page Book)

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Released September 11, 2020 - Written by Steven G. Siegel.
Click the above "Learn More" button to read the Table of Contents, several Sample Pages and Mr. Siegel's curriculum vitae.

An important note from the author, Steve Siegel:  The political divide in America suggests that laws unfavorable to wealthy clients may be on the horizon for 2021. The 2017 Tax Cuts and Jobs Act dramatically increased the available exclusion from transfer tax (including the generation-skipping tax) to $11.58 million in 2020, to be indexed for inflation. However, this law is scheduled to sunset after 2025 and revert back to the 2017 law, and with “political risk”, this generous exclusion could be reduced even more dramatically sooner. We have a window of opportunity to take advantage of this exclusion. The creation of a Dynasty Trust allows the grantor to utilize the increased GST exclusion for the benefit of multiple generations of a family and avoid what could be a significant tax increase in the uncertain future. Not only is the Dynasty Trust an excellent tax-saving vehicle, it also provides generations of asset protection against financial, judgment and matrimonial creditors that may arise in the future."    

This is the September 11, 2020 update to Mr. Siegel's February 26, 2016 book of the same title.  Mr. Siegel's top-selling book is loaded with valuable, practical planning and drafting "cautions", examples and tips.

Here is the complete Table Of Contents:
I. Introduction: What Is a Dynasty Trust? What Makes it Possible?
        A.  Avoiding Federal Tax with Successive Life Estates
B.  The Generation-Skipping Transfer Tax Limits Successive Tax-Free Transfers
        C.  “Loopholes” in the Generation-Skipping Transfer Tax
        D.  The Dynasty Trust Takes Advantage of These Planning Opportunities
II. Dynasty Trusts and the Generation-Skipping Transfer Tax
        A.  Understanding the Generation-Skipping Transfer Tax
B.  GST Tax Exemptions and Funding of the Dynasty Trust
        C.  Using Leverage to Accelerate the Dynasty Trust Advantage
III. Dynasty Trusts and the Rule Against Perpetuities – How Long Can the Dynasty Last?
        A.  Understanding the Rule Against Perpetuities
        B.  How Long May the Dynasty Last?
        C.  Prohibiting Restraints on Alienation
        D.  Beware the “Dead Hand”
        E.  Statement and Explanation of the Rule
        F.  Significant Differences in State Laws
        G.  No Federal Exceptions to the Rule
        H.  Attractiveness of the Dynasty Trust
IV. How the Dynasty Trust is Designed and Structured
        A.  Summary of Advantages
B.  Dynasty Trust Design Considerations
        C.  Inter Vivos or Testamentary
        D.  Trust Beneficiary Considerations
        E.  The Delaware Tax Trap
F.  Trustees and Trust Powers
        G.  Funding and Uses of the Dynasty Trust
V. Termination of a Dynasty Trust
        A.  Must the Trust Ever End?
B.  What to Do with “Pooled” vs. Separate Share Trusts
        C.  Failure of the Beneficial Line
VI. Selecting the Jurisdiction for a Dynasty Trust
        A.  Freedom of Choice of Jurisdiction
        B.  Watch Out for State Income Taxes
        C.  Maintain Flexibility
VII. Conclusions

Related Form(s)
: links to related Forms on this site appear immediately after the below "Author" curriculum vitae.

Related CLE Course: to listen to, and obtain CLE/MCLE credits in those states for which they are listed, please visit our sister sites, (online courses) and (courses on Audio CD, DVD and Flash Drive), click on your state and scroll to titles under the "Estate Planning & Taxation" heading.



Steven G. Siegel is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States.

Mr. Siegel is the author of many books, including: The Grantor Trust Answer Book (2012 and 2013 CCH); CPA’s Guide to Financial and Estate Planning (AICPA 2012); and Federal Fiduciary Income Taxation (Foxmoor 2012).

In conjunction with numerous tax planning lectures he has delivered for the National Law Foundation, Mr. Siegel has prepared extensive lecture materials on the following subjects: Planning for An Aging Population; Business Entities: Start to Finish; Preparing the Audit-Proof Federal Estate Tax Return; Business Acquisitions: Representing Buyers and Sellers in the Sale of a Business; Dynasty Trusts; Planning with Intentionally-Defective Grantor Trusts, Introduction to Estate Planning; Intermediate-Sized Estate Planning; Social Security, Medicare and Medicaid: Explanation and Planning Strategies; Subchapter S Corporations: Using Trusts as Shareholders; Divorce and Separation: Important Tax Planning Issues; The Portability Election; Generation-Skipping Transfer Tax: A Comprehensive Review; and many other titles.

Mr. Siegel has delivered hundreds of lectures to thousands of attendees in live venues and via webinars throughout the United States on tax, business and estate planning topics on behalf of numerous organizations, including The Heckerling Institute on Tax Planning, CCH, National Law Foundation, AICPA, Western CPE, the National Society of Accountants, the National Tax Institute, Cohn-Reznick, Professional Education Systems, Inc., Foxmoor Education, many State Accounting Societies and Estate Planning Councils as well as on behalf of private companies.

He is presently serving as an adjunct professor of law in the Graduate Tax Program (LLM) of the University of Alabama, and has served as an adjunct professor of law at Seton Hall and Rutgers University law schools.


Mr. Siegel holds a bachelor’s degree from Georgetown University (magna cum laude, phi beta kappa), a juris doctor from Harvard Law School and an LLM in taxation from New York University Law School. 

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